Krispy Kreme Braces for Slowdown as Diet Trends Hit Sales
Krispy Kreme warned profits may fall about 10 percent this year as Atkins and other low carb diets curb demand for its doughnuts. Analysts point to waning fad appeal and overexpansion as factors, with the chain slowing growth and closing underperforming stores after a stock plunge.
MENTIONED IN THIS ARTICLE
Hollowell
Charlotte
Winston-Salem
Krispy Kreme
Wall Street
Atkins
South Beach
J.P Morgan
John Ivanhoe
John Glass
Cibc World Markets
Atlanta
Scott Livengood
Record U S trade deficit hits March high at 46 billion
The Commerce Department reports a March trade deficit of 46 billion dollars, a new record driven by strong U S demand for foreign goods and higher crude oil prices. Imports reached 140.7 billion, up 4.6 percent, while exports rose to an all time high, spotlighting debates over trade policy and jobs.
MENTIONED IN THIS ARTICLE
Washington
United States
Commerce Department
U.S
Naroff
Naroff Economic Advisors
Mark Zandi
Econo
Bush
John Kerry
Kerry
George Bush
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